The global consumer electronics industry is forecast to reach US $932 billion by 2017, with a CAGR of 5.37% over the next five years. The consumer electronic industry is a highly diverse and growing industry. The industry is both capital intensive and price sensitive. The key players are focusing on technological innovation strategies both to meet customers' requirements to stay at the forefront of the industry.

Lucintel's report highlights the major challenges of the industry, which include a decline in mobility product revenue year-over-year and decreasing consumer revenue due to shrinking profits from desktop PCs and software and peripherals. Another reason is that the rising competition in the industry may force the key players to reduce their prices, which in turn may affect the industry's gross profit.

Lucintel studies the various driving factors of the industry. The broad product portfolio of the consumer electronic industry helps it to acquire strong market position and robust financial performances to strengthen investor confidence to provide capital for future growth. Rapid innovation in technology and consistent quality at low prices due to automated manufacturing boost the industry.

The report briefly describes the top five consumer electronics companies:

Apple

Dell

Hewlett Packard

Samsung

Sony

A combination of factors such as rising income and increased consumer spending ability seems to impact the market dynamics highly. The industry research report has recovered from the recessionary conditions of the last five years and returned to growth phase.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit http://www.lucintel.com.

Lucintel now offers free Live Chat on its website to answer visitors' questions in real time with precision. Visitors can directly chat with our experts through Live Chat to receive assistance and information regarding Lucintels product and service offerings.